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Appears Vulnerable *RES 4: 0.6518......>

AUSSIE TECHS: Appears Vulnerable
*RES 4: 0.6518 0.764 projection of Mar 19 - 31 rally from Apr 3 low
*RES 3: 0.6492 High Mar 12
*RES 2: 0.6445 High Apr 14 and bull trigger
*RES 1: 0.6397 High Apr 20
*PRICE: 0.6283 @ 10:54 BST Apr 21
*SUP 1: 0.6264 Low Apr 16
*SUP 2: 0.6214 Mar 31 high and former breakout level
*SUP 3: 0.6116 Low Apr 8
*SUP 4: 0.6076 Low Apr 7
Last Wednesday's sharp sell-off in AUDUSD has defined a key near-term resistance
at 0.6445, Apr 14 high. The move lower Wednesday also confirmed a bearish candle
formation, a bearish engulfing and potentially signals a reversal of the recent
rally since Mar 19. The next key support is 0.6214, Mar 31 high and a recent
breakout level. A break would open 0.6116, Apr 8 low. The Aussie needs to trade
above 0.6445 to reinstate a bullish theme. Vulnerable.

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